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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $55.4M, roughly 1.0× Lifeway Foods, Inc.). NETSTREIT Corp. runs the higher net margin — 10.0% vs 4.6%, a 5.4% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 18.0%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs 11.4%).
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
LWAY vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $57.1M |
| Net Profit | $2.5M | $5.7M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | 34.1% |
| Net Margin | 4.6% | 10.0% |
| Revenue YoY | 18.0% | 24.3% |
| Net Profit YoY | 1688.1% | 235.9% |
| EPS (diluted) | $0.15 | $0.32 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $55.4M | $52.5M | ||
| Q3 25 | $57.1M | $48.3M | ||
| Q2 25 | $53.9M | $48.3M | ||
| Q1 25 | $46.1M | $45.9M | ||
| Q4 24 | $46.9M | $44.1M | ||
| Q3 24 | $46.1M | $41.4M | ||
| Q2 24 | $49.2M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $2.5M | $1.3M | ||
| Q3 25 | $3.5M | $618.0K | ||
| Q2 25 | $4.2M | $3.3M | ||
| Q1 25 | $3.5M | $1.7M | ||
| Q4 24 | $-160.0K | $-5.4M | ||
| Q3 24 | $3.0M | $-5.3M | ||
| Q2 24 | $3.8M | $-2.3M |
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.6% | — | ||
| Q1 25 | 23.9% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 25.7% | — | ||
| Q2 24 | 27.0% | — |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 6.8% | 2.6% | ||
| Q3 25 | 8.8% | 1.3% | ||
| Q2 25 | 10.8% | 6.8% | ||
| Q1 25 | 3.4% | 3.7% | ||
| Q4 24 | 1.5% | -12.3% | ||
| Q3 24 | 9.1% | -12.8% | ||
| Q2 24 | 11.0% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 4.6% | 2.5% | ||
| Q3 25 | 6.2% | 1.3% | ||
| Q2 25 | 7.9% | 6.8% | ||
| Q1 25 | 7.7% | 3.7% | ||
| Q4 24 | -0.3% | -12.3% | ||
| Q3 24 | 6.5% | -12.8% | ||
| Q2 24 | 7.7% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.15 | $0.01 | ||
| Q3 25 | $0.23 | $0.01 | ||
| Q2 25 | $0.28 | $0.04 | ||
| Q1 25 | $0.23 | $0.02 | ||
| Q4 24 | $0.00 | $-0.07 | ||
| Q3 24 | $0.19 | $-0.07 | ||
| Q2 24 | $0.25 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.6M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $1.5B |
| Total Assets | $105.6M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.6M | — | ||
| Q3 25 | $23.0M | — | ||
| Q2 25 | $21.2M | — | ||
| Q1 25 | $19.4M | — | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $20.6M | — | ||
| Q2 24 | $14.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $85.8M | $1.4B | ||
| Q3 25 | $82.8M | $1.3B | ||
| Q2 25 | $78.7M | $1.3B | ||
| Q1 25 | $74.2M | $1.3B | ||
| Q4 24 | $71.9M | $1.3B | ||
| Q3 24 | $71.5M | $1.3B | ||
| Q2 24 | $68.0M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $105.6M | $2.6B | ||
| Q3 25 | $109.5M | $2.5B | ||
| Q2 25 | $98.3M | $2.3B | ||
| Q1 25 | $93.7M | $2.3B | ||
| Q4 24 | $90.5M | $2.3B | ||
| Q3 24 | $91.3M | $2.2B | ||
| Q2 24 | $84.9M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $267.0K | — |
| Free Cash FlowOCF − Capex | $-17.4M | — |
| FCF MarginFCF / Revenue | -31.5% | — |
| Capex IntensityCapex / Revenue | 31.9% | — |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $267.0K | $109.5M | ||
| Q3 25 | $6.9M | $28.0M | ||
| Q2 25 | $3.9M | $30.6M | ||
| Q1 25 | $-150.0K | $22.1M | ||
| Q4 24 | $-2.6M | $90.2M | ||
| Q3 24 | $7.5M | $25.1M | ||
| Q2 24 | $6.5M | $25.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.4M | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $-2.4M | — | ||
| Q4 24 | $-3.8M | — | ||
| Q3 24 | $5.9M | — | ||
| Q2 24 | $5.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | -31.5% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 10.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.11× | 82.46× | ||
| Q3 25 | 1.96× | 45.27× | ||
| Q2 25 | 0.92× | 9.36× | ||
| Q1 25 | -0.04× | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.50× | — | ||
| Q2 24 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
